The rouble grows to dollar is unstable because of the fed
The Russian market kicked off Thursday in negative territory, but soon the pressure eased, largely due to the rapid recovery of oil prices 3% after yesterday’s collapse. Afternoon Index Mosberg, which continues to trade near historic highs, increasing to 0.13% and the RTS is located slightly below opening levels.
The ruble remains stable within the usual range. The pair dollar/ruble has opened a small gap down and traded with slight bearish bias. The us currency feels quite confident in the Forex market, that, coupled with a rebound in oil prices supports our currency, which the day before had not allowed the dollar to the mark of 65 rubles.
However, the deterioration in risk sentiment the ruble will be difficult to move higher, as evidenced by yesterday’s dynamics, when the combination of flight from risk and drawdown Brent dollar/ruble at the moment jerked sharply to the North.
Forthcoming key events you can highlight the meeting of the Bank of Russia and publication of data on retail sales in the United States. From the Central Bank expect lower interest rates by a quarter per cent, although the decision of the regulator traditionally have little effect on the ruble. More interesting movements can cause a us report. If sales are disappointing, our currency will have a chance to finish the week on a positive note.
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